The shoe has finally dropped. Nvidia has officially announced that Jensen Huang is stepping down as CEO and leaving the board, with CFO Colette Kress taking the helm on an interim basis. U.S. stocks opened with a straight-up 13% plunge, wiping out over $440 billion overnight. Chip stocks were caught in the crossfire, with Intel down 4% and TSMC down 3.4%.
It wasn't the only one taking a beating. Nebius's earnings were actually pretty solid—Q3 revenue rose 68% quarter over quarter, and ARR hit $6.4 billion—yet its stock still fell 21%. CoreWeave dropped 16% and had to turn to Morgan Stanley for a $4 billion lifeline. The entire neocloud sector collapsed, and overnight, the AI valuation story came down to one question: “Who gets to make the call?”
Here's the big one: BTC couldn't hold up and is sliding toward $71,000. When Nvidia fell for several days before, BTC could still lie low at $80,000 and play dead. This time, it's heading straight down with it. Gold didn't fare much better, dropping 3% in a day to $3,868—its lowest in a year—while silver fell below $50.
Take a look at this combination: stocks down, crypto down, gold down, and only the dollar up. This isn't a flight to safety; it's a double whammy of liquidity being flushed out and a December rate hike being fully priced in. Cash is the only safe haven right now.
Geopolitics is adding to the turmoil. Trump just said, “We don't need to negotiate a deal with Iran. The strait is in our hands.” Oil prices jumped in response, and the attack on a tanker in the Strait of Hormuz was officially confirmed.
My stance hasn't changed: until the two landmines—the 11.17 Nvidia earnings report and the December FOMC meeting—are behind us, don't buy the dip, don't add to your positions, and keep your hands off. You don't guess where the bottom is; you wait for it to show itself.
NFA DYOR
$BTC $ETH $SOL
#比特币 #英伟达 #美股 #美联储 #Cryptocurrency
It wasn't the only one taking a beating. Nebius's earnings were actually pretty solid—Q3 revenue rose 68% quarter over quarter, and ARR hit $6.4 billion—yet its stock still fell 21%. CoreWeave dropped 16% and had to turn to Morgan Stanley for a $4 billion lifeline. The entire neocloud sector collapsed, and overnight, the AI valuation story came down to one question: “Who gets to make the call?”
Here's the big one: BTC couldn't hold up and is sliding toward $71,000. When Nvidia fell for several days before, BTC could still lie low at $80,000 and play dead. This time, it's heading straight down with it. Gold didn't fare much better, dropping 3% in a day to $3,868—its lowest in a year—while silver fell below $50.
Take a look at this combination: stocks down, crypto down, gold down, and only the dollar up. This isn't a flight to safety; it's a double whammy of liquidity being flushed out and a December rate hike being fully priced in. Cash is the only safe haven right now.
Geopolitics is adding to the turmoil. Trump just said, “We don't need to negotiate a deal with Iran. The strait is in our hands.” Oil prices jumped in response, and the attack on a tanker in the Strait of Hormuz was officially confirmed.
My stance hasn't changed: until the two landmines—the 11.17 Nvidia earnings report and the December FOMC meeting—are behind us, don't buy the dip, don't add to your positions, and keep your hands off. You don't guess where the bottom is; you wait for it to show itself.
NFA DYOR
$BTC $ETH $SOL
#比特币 #英伟达 #美股 #美联储 #Cryptocurrency